{"symbol":"IWM","name":"iShares Russell 2000 Index Fund","spot":"276.67","strategy":"csp","strategy_label":"cash-secured puts","rv":"14.0","rv_window":30,"gap_distortion":null,"rv_all":"14.0","earnings":null,"earnings_days":null,"any_sell":true,"rows":[{"profile":"conservative","band":"0.05–0.15","notes":"~5-15Δ. Assignment is genuinely unlikely; you are paid little for that. Skips anything spanning earnings and demands a real vol premium.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 2.23x realized.","92% chance of expiring unassigned (93% probability of profit at 7Δ).","8% annualized on $25,962 of collateral."],"best":{"expiry":"2026-10-30","dte":7,"strike":"260","delta":"-0.07","credit":"0.38","capital":"25,962","static":"0.1","aroc":"8","vay":"0.24","vay_band":"poor","pop":"93","p_otm":"92","iv":"31","iv_rv":"2.23","earnings":false,"contract":"IWM261030P00260000","breakeven":"259.62","cushion":"6.0"}},{"profile":"moderate","band":"0.15–0.25","notes":"~15-25Δ, 21-60 DTE. Where most premium-selling literature sits: meaningful credit, assignment a real but minority outcome.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.85x realized.","75% chance of expiring unassigned (80% probability of profit at 24Δ).","27% annualized on $26,860 of collateral."],"best":{"expiry":"2026-10-30","dte":7,"strike":"270","delta":"-0.24","credit":"1.40","capital":"26,860","static":"0.5","aroc":"27","vay":"1.05","vay_band":"rich","pop":"80","p_otm":"75","iv":"26","iv_rv":"1.85","earnings":false,"contract":"IWM261030P00270000","breakeven":"268.60","cushion":"2.4"}},{"profile":"aggressive","band":"0.25–0.40","notes":"~25-40Δ. Roughly one trade in three finishes in the money, so only coherent if you are willing to own the stock (puts) or be called away (calls) and have sized the position for it.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.75x realized.","61% chance of expiring unassigned (71% probability of profit at 37Δ).","47% annualized on $27,154 of collateral."],"best":{"expiry":"2026-10-30","dte":7,"strike":"274","delta":"-0.37","credit":"2.46","capital":"27,154","static":"0.9","aroc":"47","vay":"1.93","vay_band":"rich","pop":"71","p_otm":"61","iv":"24","iv_rv":"1.75","earnings":false,"contract":"IWM261030P00274000","breakeven":"271.54","cushion":"1.0"}}],"term":[{"expiry":"10-30","dte":7,"atm_iv":"24","iv_pct":100,"earnings":false,"strike":"270","delta":"-0.24","credit":"1.40","aroc":"27","vay":"1.05","p_otm":"75","iv_rv":"1.85","gamma":"0.086"},{"expiry":"11-06","dte":14,"atm_iv":"22","iv_pct":69,"earnings":false,"strike":"265","delta":"-0.19","credit":"1.46","aroc":"14","vay":"0.55","p_otm":"80","iv_rv":"1.86","gamma":"0.052"},{"expiry":"11-13","dte":21,"atm_iv":"21","iv_pct":47,"earnings":false,"strike":"263","delta":"-0.18","credit":"1.74","aroc":"12","vay":"0.46","p_otm":"80","iv_rv":"1.81","gamma":"0.044"},{"expiry":"11-20","dte":28,"atm_iv":"21","iv_pct":36,"earnings":false,"strike":"262","delta":"-0.19","credit":"2.06","aroc":"10","vay":"0.42","p_otm":"79","iv_rv":"1.76","gamma":"0.040"},{"expiry":"11-27","dte":35,"atm_iv":"20","iv_pct":18,"earnings":false,"strike":"265","delta":"-0.24","credit":"2.93","aroc":"12","vay":"0.51","p_otm":"73","iv_rv":"1.63","gamma":"0.045"},{"expiry":"12-18","dte":56,"atm_iv":"20","iv_pct":14,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"12-31","dte":69,"atm_iv":"20","iv_pct":0,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"01-15","dte":84,"atm_iv":"20","iv_pct":9,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null}],"timing":{"window":"after hours","quality":"closed","advice":"Market is closed. Quotes are the closing marks.","movement":null,"is_good":false,"clock":"21:07 EDT","streak":"3 consecutive up closes (+2.2%). Reported as context only: streak-based timing showed no measurable effect on the seller's edge (t = 0.02, measured over 33 years of index data)."},"cached":false,"age_minutes":0,"generated":"2026-10-23 01:07 UTC"}